Willy Woo: Bitcoin's long-term structure is in the early stages of a bull market
Let's lay out both sides:
Bullish case: The news provides a new narrative that could generate buzz;
Bearish case: Expectations may already be priced in, making the news a sell-the-news event;
My view: Both sides have a point. Ultimately, it comes down to what the volume and price action of $BTC indicate.
$BTC is currently at 84058, 24h +1.27%, with a 24h range of 82975.37 ~ 84199.
#BTC
Let's lay out both sides:
Bullish case: The news provides a new narrative that could generate buzz;
Bearish case: Expectations may already be priced in, making the news a sell-the-news event;
My view: Both sides have a point. Ultimately, it comes down to what the volume and price action of $BTC indicate.
$BTC is currently at 84058, 24h +1.27%, with a 24h range of 82975.37 ~ 84199.
#BTC